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UPW vs SPY

Comparison between PROSHARES ULTRA UTILITIES (UPW, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed UPW, delivering a return of +13.3% compared to +10.2%

UPW vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
UPW
$25M
Winner
SPY
$735B
Expense Ratio
UPW
N/A
SPY
0.09%
Max Drawdown
UPW
79.48%
Winner
SPY
56.47%
Sharpe Ratio
UPW
0.57
Winner
SPY
1.62
5Y Beta
Winner
UPW
0.63
SPY
1.00
P/E Ratio
Winner
UPW
20.07
SPY
28.99
Forward P/E
Winner
UPW
18.10
SPY
22.37
PEG Ratio
UPW
0.82
SPY
N/A
5Y Dividends CAGR
Winner
UPW
21.28%
SPY
5.43%
5Y EPS CAGR
UPW
13.18%
Winner
SPY
26.05%
Debt to Equity
UPW
124.69%
Winner
SPY
32.40%
P/S Ratio
Winner
UPW
2.90
SPY
3.74
P/B Ratio
Winner
UPW
2.30
SPY
5.61

UPW vs SPY - Holdings Comparison

UPW and SPY have 32 common holdings. Overlap is 2.19%

UPW's top 25 holdings weight is 90.61%. SPY's top 25 holdings weight is 52.37%.

RankUPWSPY
#1
CASH (n/a) - 13.60%
NVIDIA CORP (NVDA) - 8.10%
#2
NEXTERA ENERGY INC (NEE) - 9.86%
APPLE INC (AAPL) - 7.02%
#3
UTILITIES SELECT SECTOR INDEX SWAP (n/a) - 9.14%
MICROSOFT CORP (MSFT) - 4.79%
#4
SOUTHERN CO (SO) - 5.45%
AMAZON.COM INC (AMZN) - 4.02%
#5
CTE PROSHARES TRUST M (n/a) - 5.37%
ALPHABET INC CLASS A (GOOGL) - 3.51%
#6
DUKE ENERGY CORP (DUK) - 5.09%
BROADCOM INC (AVGO) - 3.10%
#7
CONSTELLATION ENERGY CORP (CEG) - 4.27%
ALPHABET INC CLASS C (GOOG) - 2.79%
#8
AMERICAN ELECTRIC POWER CO INC (AEP) - 3.66%
META PLATFORMS INC CLASS A (META) - 2.08%
#9
SEMPRA (SRE) - 3.13%
TESLA INC (TSLA) - 1.89%
#10
DOMINION ENERGY INC (D) - 3.06%
MICRON TECHNOLOGY INC (MU) - 1.56%
#11
ENTERGY CORP (ETR) - 2.63%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37%
#12
XCEL ENERGY INC (XEL) - 2.48%
ELI LILLY AND CO (LLY) - 1.31%
#13
EXELON CORP (EXC) - 2.40%
JPMORGAN CHASE & CO (JPM) - 1.28%
#14
VISTRA CORP (VST) - 2.25%
ADVANCED MICRO DEVICES INC (AMD) - 1.27%
#15
CONSOLIDATED EDISON INC (ED) - 2.05%
EXXON MOBIL CORP (XOM) - 0.97%
#16
PUBLIC SERVICE ENTERPRISE GROUP INC (PEG) - 2.03%
INTEL CORP (INTC) - 0.90%
#17
WEC ENERGY GROUP INC (WEC) - 1.91%
JOHNSON & JOHNSON (JNJ) - 0.86%
#18
PG&E CORP (PCG) - 1.90%
VISA INC CLASS A (V) - 0.85%
#19
AMEREN CORP (AEE) - 1.58%
WALMART INC (WMT) - 0.81%
#20
DTE ENERGY CO (DTE) - 1.56%
CISCO SYSTEMS INC (CSCO) - 0.72%
#21
ATMOS ENERGY CORP (ATO) - 1.55%
COSTCO WHOLESALE CORP (COST) - 0.69%
#22
CENTERPOINT ENERGY INC (CNP) - 1.46%
CATERPILLAR INC (CAT) - 0.66%
#23
EDISON INTERNATIONAL (EIX) - 1.43%
MASTERCARD INC CLASS A (MA) - 0.62%
#24
NRG ENERGY INC (NRG) - 1.38%
LAM RESEARCH CORP (LRCX) - 0.62%
#25
PPL CORP (PPL) - 1.37%
ABBVIE INC (ABBV) - 0.58%
Total Holdings34505

UPW vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
UPW
-8.84%
Winner
SPY
+1.90%
3M
UPW
-11.26%
Winner
SPY
+8.55%
6M
UPW
+4.13%
Winner
SPY
+8.18%
1Y
UPW
+17.94%
Winner
SPY
+25.79%
5Y(CAGR)
UPW
+10.17%
Winner
SPY
+13.32%
10Y(CAGR)
UPW
+10.16%
Winner
SPY
+15.19%
Max(CAGR)
Winner
UPW
+9.62%
SPY
+8.47%

UPW vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearUPWSPY
2026+3.54%+8.26%
2025+21.51%+18.00%
2024+33.90%+25.59%
2023-22.32%+26.72%
2022-2.69%-18.64%
2021+39.41%+30.52%
2020-14.91%+17.28%
2019+53.17%+31.09%
2018+4.02%-5.24%
2017+23.11%+20.78%
2016+32.68%+13.59%
2015-13.24%+1.31%
2014+60.35%+14.56%
2013+25.28%+29.00%
2012+2.09%+14.17%
2011+33.79%+0.85%
2010+10.71%+13.14%
2009+14.29%+22.67%
2008-58.09%-36.25%
2007+26.28%+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

UPW vs SPY Drawdown Comparison

The maximum drawdown for UPW was -77.75%, occurring on Mar 9, 2009. Recovery took 1557 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current UPW drawdown is -14.32%. The current SPY drawdown is -2.90%.

RankUPWSPY
#1-77.75%
Dec 10, 2007 - Feb 18, 2014		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-62.67%
Feb 18, 2020 - Apr 1, 2022		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-49.41%
Sep 12, 2022 - Sep 30, 2024		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-31.05%
Jan 29, 2015 - Mar 16, 2016		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-29.26%
Apr 8, 2022 - Aug 15, 2022		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-26.93%
Nov 14, 2017 - Dec 3, 2018		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-25.06%
May 21, 2007 - Dec 5, 2007		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-24.64%
Jul 6, 2016 - May 23, 2017		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-22.91%
Nov 27, 2024 - Jul 21, 2025		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-19.15%
Feb 27, 2026 - Jun 1, 2026		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-18.94%
Oct 15, 2025 - Feb 24, 2026		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-18.13%
Jun 30, 2014 - Oct 24, 2014		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-17.57%
Dec 13, 2018 - Feb 22, 2019		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-12.37%
Oct 16, 2024 - Nov 26, 2024		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-11.25%
Sep 26, 2019 - Jan 15, 2020		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between UPW and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95
-101

Dividend Comparison (1999 - 2026)

UPW vs SPY dividend yield comparison.

YearUPWSPY
20260.30%0.24%
20251.67%1.07%
20241.83%1.21%
20232.40%1.40%
20221.55%1.65%
20211.30%1.20%
20200.83%1.52%
20190.83%1.75%
20181.98%2.04%
20171.51%1.80%
20161.70%2.03%
20152.16%2.06%
20141.70%1.87%
20132.24%1.81%
20121.90%2.18%
20111.79%2.05%
20102.63%1.80%
20092.42%1.95%
20083.71%3.02%
20077.03%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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